Following the transition to electronic trading by stock exchanges across the world, electronic reporting is the logical next step. Being an open and a global standard, XBRL has been widely adopted as the standard for e-reporting compared to a proprietary solution. IRIS has worked with both stock exchanges and securities commissions to develop capital market taxonomies and reporting solutions in many countries.

BENEFITS TO THE STOCK EXCHANGES AND SECURITIES COMMISSIONS

REPORTING TAXONOMY

We help develop and implement XBRL taxonomies for financial reporting and disclosures by companies, funds and other entities listed on exchanges or registered with securities commissions.

e-FILING PLATFORM

We offer solutions for creating an e-filing platform for efficient, comprehensive and reliable collection of periodic fundamental financial data and occasional disclosures in XBRL for all type of reporting entities.

BETTER REGULATION

XBRL brings transparency and robustness in the reporting data supply chain thus strengthening the supervision of regulators over the capital markets they regulate.

MARKET TRANSPARENCY

XBRL provides high-quality data, more market transparency, and increased investor confidence in the listed companies and their reported financials.

PROFIT ORIENTED APPROACH

With an XBRL based reporting platform market regulators can collect higher-quality data and realize drastic improvement in time to market their data products offered to rating agencies, financial institutions, investment houses etc.

CASE STUDIES

The QFCRA, Qatar wanted to upgrade prudential filings to more accurate and automated submissions. The challenge was to maintain data integrity and conduct quick analysis leading to effective, risk-based supervision. Read how QFCRA upgraded its prudential filings using IRIS iFILE.

WHITE PAPERS

SEC announced on June 13, 2016 that it will allow companies to voluntarily file structured financial statement data in Inline XBRL. What Does this Announcement Mean for Filing Companies? Read our White Paper on Comprehending SEC's Inline XBRL Filing for filers.